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New competition is on the rise in the Valley’s luxury-hotel industry, and many existing resorts are undergoing multimillion-dollar makeovers in an attempt to keep up with the times. Scottsdale’s Camelback Inn and Four Seasons Resort are spending millions to revitalize their looks and offer new amenities. Meanwhile, Royal Palms Resort & Spa, FireSky Resort & Spa and Hotel Indigo all completed extensive renovations earlier this year. More…